Strategy Inc (MSTR) director nets 2,000-share sale after exercising options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Jarrod M. Patten of Strategy Inc exercised stock options for a total of 2,000 shares of Class A Common Stock at an exercise price of $18.654 per share and sold 2,000 shares in open-market transactions at prices between $165.42 and $172.00 per share. After these transactions, he directly holds 28,000 shares of Class A Common Stock. Footnotes indicate that a director stock option with an exercise price of $18.654 remains outstanding for 37,800 shares following the latest exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($336,420)
Net Sell
12 txns
Insider
Patten Jarrod M
Role
null
Sold
2,000 shs ($336K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 500 | $0.00 | -- |
| Exercise | Class A Common Stock | 500 | $18.654 | $9K |
| Sale | Class A Common Stock | 500 | $172.00 | $86K |
| Exercise | Director Stock Option (Right to buy) | 1,000 | $0.00 | -- |
| Exercise | Director Stock Option (Right to buy) | 500 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,000 | $18.654 | $19K |
| Sale | Class A Common Stock | 1,000 | $165.42 | $165K |
| Exercise | Class A Common Stock | 500 | $18.654 | $9K |
| Sale | Class A Common Stock | 500 | $170.00 | $85K |
| holding | Series A Perpetual Strife Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stretch Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stride Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Director Stock Option (Right to buy) — 37,800 shares (Direct, null);
Class A Common Stock — 28,500 shares (Direct, null);
Series A Perpetual Strife Preferred Stock — 10,000 shares (Direct, null);
Series A Perpetual Stretch Preferred Stock — 29,335 shares (Direct, null);
Series A Perpetual Stride Preferred Stock — 5,000 shares (Direct, null)
Footnotes (1)
- The 1000 shares exercised on April 20, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 38,800 shares subject to this option, 1,300 shares vested on May 31, 2017, 12,500 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020. The 500 shares exercised on April 20, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 38,300 shares subject to this option, 800 shares vested on May 31, 2017, 12,500 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020. The 500 shares exercised on April 21, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 37,800 shares subject to this option, 300 shares vested on May 31, 2017, 12,500 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
Key Figures
Shares sold: 2,000 shares
Sale prices: $170.00, $165.42, $172.00/share
Option exercise price: $18.654/share
+5 more
8 metrics
Shares sold
2,000 shares
Open-market sales of Class A Common Stock
Sale prices
$170.00, $165.42, $172.00/share
Open-market sales on April 20–21, 2026
Option exercise price
$18.654/share
Director stock option for Class A Common Stock
Shares exercised
2,000 shares
Class A Common Stock acquired via option exercises
Common shares held
28,000 shares
Class A Common Stock directly owned after transactions
Remaining option shares
37,800 shares
Shares still subject to director stock option at $18.654
Stride preferred shares
5,000 shares
Series A Perpetual Stride Preferred Stock holding
Stretch preferred shares
29,335 shares
Series A Perpetual Stretch Preferred Stock holding
Key Terms
Director Stock Option (Right to buy), open-market sale, derivative exercise/conversion, Series A Perpetual Stride Preferred Stock, +2 more
6 terms
Director Stock Option (Right to buy) financial
""security_title": "Director Stock Option (Right to buy)""
open-market sale financial
""transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
""transaction_action": "derivative exercise/conversion""
Series A Perpetual Stride Preferred Stock financial
""security_title": "Series A Perpetual Stride Preferred Stock""
Series A Perpetual Stretch Preferred Stock financial
""security_title": "Series A Perpetual Stretch Preferred Stock""
Series A Perpetual Strife Preferred Stock financial
""security_title": "Series A Perpetual Strife Preferred Stock""
FAQ
What did Strategy Inc (MSTR) director Jarrod Patten report in this Form 4?
Director Jarrod M. Patten reported exercising options for 2,000 shares of Class A Common Stock at $18.654 per share and selling 2,000 shares in open-market transactions at prices between $165.42 and $172.00 per share.
What stock options did the Strategy Inc director exercise in this filing?
He exercised director stock options covering 2,000 shares of Class A Common Stock at an exercise price of $18.654 per share. Footnotes state that, after these exercises, 37,800 shares remain subject to this option with the same $18.654 exercise price.
What preferred stock holdings are disclosed for the Strategy Inc director?
The filing lists direct holdings of 5,000 shares of Series A Perpetual Stride Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 10,000 shares of Series A Perpetual Strife Preferred Stock as of April 20, 2026.